NEW YORK, N.Y., April 14 /PRNewswire/ -- In response to queries, The Estee
Lauder Companies Inc. (NYSE: EL) stated it knows of no corporate reason for
its stock's recent activity. The Company also stated it is comfortable that
its earnings for fiscal 1997 will be in line with analysts' expectations. In
addition, the Company is confident its earnings for the third quarter ended
March 31, 1997 will be in line with analysts' expectations. The Company
expects to report its results for the third quarter on April 29, 1997.
The Estee Lauder Companies Inc. is one of the world's leading
manufacturers and marketers of prestige skin care, makeup and fragrance
products. The Company's products are sold in over 100 countries and
territories under well-recognized brand names, including Estee Lauder,
Clinique, Aramis, Prescriptives, Origins, M.A.C. and Bobbi Brown essentials.
SOURCE Estee Lauder Companies Inc.
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CONTACT:
Gina Boswell, 212-572-4384, Investor
Relations - Dennis D'Andrea, 212-572-4384, or Media Relations -
Mary Carroll Linder, 212-572-4430, all of Estee Lauder
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